Krasnov Gives 20 Billion Dollar Bailout To Argentina

[gab13by13]

Krasnov recently gifted Argentina with 20 billion dollars to help stabilize its economy.

Following Trump’s bailout, Argentina had lowered export restrictions and sent “20 shiploads of Argentine soybeans to China in just two days.

Argentina competes with American farmers in the sale of soybeans. Today, because of Krasnov tariffs, China has bought zero soybeans from the United States.

Must be part of Krasnov's America First agenda, eh? Did I mention an election is coming up in Argentina and Krasnov wants the right wing autocrat to win?

US farmers are furious that Socialist Krasnov would give welfare to Argentina before giving welfare to US farmers.

Make no mistake folks, the welfare bailout to Big American farms is coming. Our tax dollars at work.

There seems to be a pattern with how Krasnov is spending our tax dollars, he is not spending money that benefits our country that would put unwashed Americans to work, no, he is spending our tax dollars on rich people and poor people still vote for him.

[Walleye]

1. 20 billion is more than what the affordable care act subsidies would be.

I’m really sick of his stupid “deals”. Also, how is he authorized to build anything on the White House grounds. Isn’t that our property shouldn’t Congress have a saying that. And how do we know he’s really not spending government money on that? Is he going to show receipts I doubt it.

[dalton99a]

2. +1

[peppertree]

8. The King answers to no one, peasant!

So shut up and till your fields; His Majesty is having a sex party this weekend, and doesn't want any problems with the Royal Purse.

[Jack Valentino]

3. I read about how this hurt American soybean farmers-----

but the Trump-bucket admin lacks the ability to think things out
more than 2 seconds ahead.....

[Champp]

4. Republicans are giving our money to rich Argentinians

they are fattening the already fat

[peppertree]

6. Exactamente

Trump already pulled this garbage for his sex-party pal Macri (using the IMF) in 2018 - with very easily predictable results:

Because most bailout/foreign loan money to Argentina since 1980, has done little besides financing dollarization and offshoring of peso assets by Argentine elites and foreign speculators - leaving Argentina the (unpayable) tab.

The only difference here, is that's it's actual taxpayer dollars - as opposed to IMF funny money.

And among the foreign speculators this time around? Why, Scott Bessent - who reportedly has investments down there, and a lover.

I can only hope Netflix makes a series out of this someday soon. It would be a doozy.

[enid602]

5. Not yet approved

I don’t think it’s a done deal yet.

[peppertree]

7. True. Trump and his little Chucky doll (Milei) were hoping American voters wouldn't notice.

They were wrong.

[enid602]

9. Argentina

Whether or not it’s appropriate to help Argentina and it’s failing dictator is probably something our legislature should decide.

[peppertree]

11. Right. That's how Clinton handled Mexico's bailout: he submitted it to Congress - but good luck getting that from Cheeto

And the same goes for Argentina: the bailout should - by their own laws - be approved by their Congress first.

But Bessent (who reputedly has both investments and a gay lover in Argentina) is already trying to frame this as a "swap" - mind you, between U.S. dollars and a currency that, since 2001, has lost an average of 26% of its value annually. Why?

Because Milei's cronies have informed him that they could (with connivance from Argentina's infamous Supreme Court) skirt congressional review that way.

Either way, U.S. and Argentine taxpayers will surely both get the shaft if this goes through:

U.S. taxpayers, because we'll never see that money again (at a time when Trump is kicking seniors out of nursing homes)...

and Argentine taxpayers because it'll just be another $20 or even 40 billion in debt that will only go to finance offshoring by local elites and foreign banksters.

Just like in 1981, 1989, 2001, and 2018.

Cry for Argentina. Because they never learn (and even if they do, it's imposed on them).

[thought crime]

14. Trump supporters won't "notice".

They'll continue to play willful ignorance. And they will never, ever admit that Milei's libertarian fantasy totally failed.

[spanone]

10. Wonder how much they kicked back to him?

[peppertree]

12. Scott Bessent, per Argentine reports, has both investments and a lover in Argentina

So he definitely has an oar in this one.

As for Cheeto - he's reportedly eyeing Argentina's state-owned oil firm, YPF.

Its stock has been in the doldrums for years - thanks mostly to British vulture fund lawsuits (they want YPF too) - but it's sitting on about a third of the third-largest unconventional oil and gas field in the world, Vaca Muerta.

Vaca Muerta ('dead cow' in Spanish) already accounts for 2/3 of Argentina's oil and gas output - and unlike many such fields (which must be fracked), it's located in a remote, almost-unpopulated corner of the country.

When it was discovered in 2011, the business press largely wrote it off as "uneconomical" and "unlikely to ever be developed - thanks to Argentina's state intervention (at the time)."

Fast-forward to today, and they're pumping out 820,000 barrels of oil a day and 112 million cubic meters day of gas; were Vaca Muerta its own country, it would rank about number 20 in each - and it's still growing.

So you know El Cheeto (and the Brits) want it.

[lame54]

13. He wants to own it...

And not in the name of the U.S.